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  #1  
Old 04-03-2010, 10:20 AM
barrysloate barrysloate is offline
Barry Sloate
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The likelihood is you will knock out the bidders who were going to drop out early on their own. Many people bid just to have a bookmark for the overtime portion. I think anyone really serious about a lot will still be in no matter how many times a single person keeps bidding.

My experience as an auctioneer was that the people who continually bid throughout an auction had a poor record of winning lots. In the great majority of situations it was somebody else who won them.
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Old 04-03-2010, 01:11 PM
Bosox Blair Bosox Blair is offline
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Hi Barry,

While I certainly can't challenge your experience as an auctioneer, I firmly believe it is valuable to limit the number of competitors against you in overtime. I've seen/experienced this many times - the sand starts to shift in overtime. As people get pushed beyond their limits on their initial goal lots, they feel they have "freed up" bidding cash, and they turn to other lots. I know for a fact this happened to me last REA. I had the high bid on a lot through the end of the auction and through 8+ hours of O/T. The person who won the lot told me they came back to my lot to bid after somone topped them and things got too rich on a more expensive lot they were chasing.

With REA, you can only turn to what you bid on in regular time. So keeping people off your lot in regular time has some value. Of course you can't eliminate competition, but you can reduce competitors.

Yes, I know there are "whales", but in an auction like REA, I believe these guys have quite a few lots to consider. I agree that if one of these guys is bound and determined to have the card you want, then you are in some trouble. But in any other case, I'd like fewer bidders to have the option of turning their focus to a lot I'm interested in during overtime.

Cheers,
Blair
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Last edited by Bosox Blair; 04-03-2010 at 01:11 PM.
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  #3  
Old 04-03-2010, 01:11 PM
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CW CW is offline
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Although I could never hope to bid & compete for this card, the most intriguing card
in this auction is the newly discovered Just So Buck Ewing. It's got a great story behind
it, and it should be interesting to see the closing price.

Surprised nobody has mentioned it in this thread, although there might be a reason
for that.
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